Company C has a significant influence investment in Company D, and appropriately reports its share of Company Ds reported income as equity in net income. Under what circumstances will Company C adjust Company Ds reported income to determine its share of that income, in the first year the investment is held?

a. Company d reported a loss in the first year.

b. Comapnys cs acquisition cost was more than its share of company Ds book value, and the different is attributable to indefinite life intangibles that are impaired in the first year.

c. Comapnys cs acquisition cost was more than its share of company Ds book value, and the difference is attributable to previously unreported customer lists with a 3-year life.

d. Company D declared and paid dividends in excess of its reported net income in the first year.